Riverfield Academy

Analysis

Riverfield Academy is a registered charity in United States, based in Rayville, LA. It received its IRS tax-exemption ruling in April 1983, 43 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Riverfield Academy reported income of $3.3m and spending of $2.7m, spending 83% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $2.5m to $3.3m (+30%), an average of +6.8% a year. The sharpest change came in the year to May 2023, when income rose by 42%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Riverfield Academy sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within LA. Charities of a similar size with the same main cause include Rhode Island Association for the Education of Young Children ($3.3m), CCD Business Development Corporation ($3.3m) and Syracuse Health Science Center Medical Alumni Foundation Inc ($3.3m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 0.9% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $77k (2.9% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $5.4m against liabilities of $635k, net assets of $4.7m. It reported 90 employees.